On Thursday, the otherwise mighty payment card giant (NYSE: V) was the second-worst performing S 500 index component stock. It fell by nearly 2.6% in value, following news that the status of a large pile of non-publicly traded shares could soon be changed.

Visa announced that it has begun a process to allow its Class B shareholders to freely sell some of their stock.

The Class A shares are the ones that are publicly traded, while Classes B and C shares are not. Both of the latter are mainly owned by financial institutions that partner with Visa.

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Source Fool.com